such as eschewing a menubar and consolidating the commands in Page and Tool dropdown buttons.
Incidentally, Slashdotters bashed MS for doing this in IE7, but were silent about Google doing the same thing in Chrome. Which reminds me that slashdotters also bashed Microsoft for merging the Back/Forward navigation stack into a single dropdown control in IE7, but said nothing when Firefox 3 copied that idea. I only point out these things to show that slashdotters aren't the most objective analysts when it comes to judging UI.
That said, I agree with you that Chrome's UI is better than IE's, and I think Chrome's UI is the best of all browsers.